The 1st Quarter GDP Conundrum

The government’s first stab at first quarter GDP growth was released today and it came in at a dismal 0.54%. That makes four first quarter GDP estimates during this expansion that have been less than 1% (two were negative). Are we looking at a bad economy or bad data?

Jeremy Jones, CFA

Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.